Resoluation for director in pvt. ltd
This query is : Resolved
CA AMIT GANGWAL
(Querist)
15 October 2012
we have appointed three director in pvt ltd.and decided remuneration 9.00 lacs per annuam
first we want to know it is any problem to give that much remuneration
second if no, it is passed THROUGH SPECIAL RESOULATION OR BOARD RESOULATION
SAMPLE OF RESOULATION
URGENT
first we want to know it is any problem to give that much remuneration
second if no, it is passed THROUGH SPECIAL RESOULATION OR BOARD RESOULATION
SAMPLE OF RESOULATION
URGENT
Ajay Mishra
(Expert)
15 October 2012
Hi
In case of private limited company you are free to pay remuneration of any ratio, because the provision of Companies Act, 1956 will not apply to private limited company.
It will be govern by their articles.
It will be sufficient to pass board resolution for the same.
In case of private limited company you are free to pay remuneration of any ratio, because the provision of Companies Act, 1956 will not apply to private limited company.
It will be govern by their articles.
It will be sufficient to pass board resolution for the same.
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